Shenzhen Launches Pilot Program "Tech Salary Pass" to Facilitate Cross-border Salary Payments for Foreign Employees

Recently, following the "Kehuitong", the Shenzhen branch of the State Administration of Foreign Exchange once again introduced measures to facilitate foreign exchange, and the pilot program "Kexintong" was first launched, focusing on employees of high-quality enterprises, higher education institutions, research institutions and other key support units of the country. Providing two-way remittance convenience services for foreign-related employees, helping promote the cross-border flow of talent elements in the Guangdong-Hong Kong-Macau Greater Bay Area, and serving the construction of the Shenzhen International Science and Technology Innovation Center. It is understood that employees of qualified units can, through public-private cooperation with the employer, handle remuneration exchange transactions at pilot banks without submitting documents or repeating document submissions. This model integrates relevant foreign exchange convenience policies, enhances enterprise credibility, significantly improves the efficiency and convenience of cross-border remuneration processing for foreign-related employees, and provides high-quality foreign exchange service support for talent introduction in Shenzhen.